Crypto Terms:
Letter U
What is UTC Time?
Meaning:
UTC Time -
the world's principal time standard for regulating clocks and time.
Let's find out UTC Time meaning, definition in crypto, what is UTC Time, and all other detailed facts.
UTC (or Coordinated Universal Time) is the primary time standard by which clocks and time are regulated. Since cryptocurrencies operate 24/7, unlike most financial exchanges, it means that the world of crypto basically runs on UTC. Due to the reason that crypto users are located all over the world and trade in multiple time zones, using a standardized time makes things a lot easier.
One of the most important hours for Bitcoin is the period between 12 a.m. and 1 a.m. UTC, according to CryptoHash. This could be the case because it corresponds to the early evening in North America and the start of the working day in Asia. Traders in all asset types, including digital currencies, frequently look to Asian markets for direction and base their holdings on the continent's movements.
Forbes Digital Assets reported that 4 p.m. UTC on a Wednesday was the most volatile moment for Bitcoin across multiple exchanges in their 2019 analysis. This period was 36% more volatile than the average of all time periods. According to the study, this could be due to the fact that the period is in the middle of the US working week. Though the hours between 8 a.m. and 10 a.m. UTC on a Monday were found to be 35% less volatile than the average.
The Securities and Exchange Commission (SEC)<\/strong><\/a> is always on the lookout for new utility and security tokens. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-howey-test/">The Howey Test<\/strong><\/a> is used by the regulator to assess whether a token is classified as a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-security/">security or a utility token. Though since <strong>utility tokens are not considered to be investment contracts<\/strong>, they are not subject to the same restrictions and requirements as security tokens.<\/p>","definition":"a token created with the purpose of helping individuals to use something.","status":"published","meta_title":"What is Utility Token? Definition & Meaning | Crypto Wiki","meta_description":"Utility Token meaning: Utility Token - a token created with the purpose of helping individuals to use something.","meta_keywords":null}"
:prev-section="{"id":809,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/User_interface_design","level":"hard","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-14T16:22:32.000000Z","slug":"what-is-user-interface-ui","title":"What is User Interface (UI)?","section":"U","keyword":"User Interface (UI)","content":"<p>User Interface (UI) is the interaction between a user and an application within a digital device.<\/p>\n<p>If you have an online business, a good user interface is one of the determining factors of your success. In essence, <strong>UI determines how your website or application appears to the visitor both in its functionality and appearance.<\/strong> It includes a wide range of elements such as the layout of your website, color scheme, call-to-action buttons, various functions, and much more.<\/p>\n<p>In case your user interface is not up to par, the users can leave your website without even checking out what’s on it.<\/p>\n<h2>Why is User Interface Important?<\/h2>\n<p>UI is just like the first meeting between a user and a website. In order to leave a good first impression, the interactions should be smooth, the visuals should be appealing, and the website should be easy to navigate. In essence, make sure your UI is as effortless as possible.<\/p>\n<p><strong>A great user interface has a<\/strong> <strong>chance of vastly improving your conversion rate<\/strong> which defines the percentage of visitors that completed your desired action within the website or application.<\/p>\n<p>On the other hand, the issue with a bad UI is that users probably won’t inform you that it’s difficult to navigate through your website or application. Often times it’s because they don’t understand it themselves. They just know that it didn’t do what they wanted, so, they left.<\/p>\n<p>If visitors leave because of bad UI, chances are they won’t come back again. In this case, you will lose potential customers and won’t even know it.<\/p>\n<p>The user interface, just like user experience, acts as <strong>an<\/strong> <strong>indicator of how easy it is for others to understand and use your product<\/strong>.<\/p>\n<p>Besides, your online presence is greatly impacted based on the quality of the user interface.<\/p>\n<h2>What Kind of User Interface Is Considered to Be Great?<\/h2>\n<p>There are general features that should be applied when creating user interfaces. At the end of the day, <strong>UI needs to be user-friendly, intuitive, and appealing to the eye<\/strong> while keeping in mind the image of the brand.<\/p>\n<p>One of the main rules of a great user interface is that the user is able to understand what your application is about and how to use it within 5 seconds. In other words, the UI should feel somewhat invisible to the user where the interaction is so smooth that they don't have to waste a single second.<\/p>\n<p>Here are some guidelines to create a great user interface:<\/p>\n<ul>\n<li><strong>Simplicity is key<\/strong>. Don’t overflow the interface with unnecessary content or lines of text. Think of your favorite website, chances are it’s simple and straightforward, and that is exactly what makes it fun to use.<\/li>\n<li><strong>Establish what your visitors will be searching for<\/strong>, and use that information to drive conversions. Remember that everything your visitor is looking for should be a click or two away.<\/li>\n<li>Make sure to <strong>utilize the navigation bar on the top of the website<\/strong> to provide straightforward instructions to your website visitors. Don’t forget that the right visual design (color scheme, font, size, etc.) can help to draw attention.<\/li>\n<li>Check if your UI is <strong>mobile-friendly<\/strong>. Especially in cases where the target audience of the website uses smartphones and tablets for browsing.<\/li>\n<\/ul>","definition":"the interaction between a user and a digital device such as a computer, smartphone, or tablet.","status":"published","meta_title":"What is User Interface (UI)? Definition & Meaning | Crypto Wiki","meta_description":"User Interface (UI) meaning: User Interface (UI) - User Interface can be described as the interaction between a user and a digital device such as a computer, smartphone, or tablet.","meta_keywords":null}"
:model="{"id":783,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Coordinated_Universal_Time","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-14T16:18:33.000000Z","slug":"what-is-utc-time","title":"What is UTC Time?","section":"U","keyword":"UTC Time","content":"<p><strong>UTC<\/strong> (or Coordinated Universal Time) is the primary time standard by which clocks and time are regulated. Since <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies operate 24\/7, unlike most financial exchanges, it means that <strong>the world of crypto basically runs on UTC<\/strong>. Due to the reason that crypto users are located all over the world and trade in multiple time zones, using a standardized time makes things a lot easier.<\/p>\n<p>One of the most important hours for <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin is the period between 12 a.m. and 1 a.m. UTC, according to <strong>CryptoHash<\/strong>. This could be the case because it corresponds to the early evening in North America and the start of the working day in Asia. Traders in all asset types, including <strong>digital currencies<\/strong>, frequently look to Asian markets for direction and base their holdings on the continent's movements.<\/p>\n<p>Forbes Digital Assets reported that 4 p.m. UTC on a Wednesday was <strong>the most volatile moment for Bitcoin<\/strong> across multiple exchanges in their 2019 analysis. This period was 36% more volatile than the average of all time periods. According to the study, this could be due to the fact that the period is in the middle of the US working week. Though the hours between 8 a.m. and 10 a.m. UTC on a Monday were found to be <strong>35% less volatile<\/strong> than the average.<\/p>","definition":"the world's principal time standard for regulating clocks and time.","status":"published","meta_title":"What is UTC Time? Definition & Meaning | Crypto Wiki","meta_description":"UTC Time meaning: UTC Time - the world's principal time standard for regulating clocks and time.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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current-chapter="U"
current-section="what-is-utc-time">
